We launched Stripe Capital today: https://stripe.com/capital It offers extremely fast, data-driven access to working capital in advance, based on your business' activity on Stripe. This was my #1 ask of Stripe as a customer for 3 years running. I'm so happy we're rolling it out.
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I ended up paying the cash expenses (salaries, etc) for the pre-work with a combination of decreasing my own salary (and playing personal credit card games for 6 months), revolving balances on business cards, and getting a small line-of-credit from a non-bank lender.
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This seems like a silly amount of work for a SaaS company, which by construction have EXTREMELY stable cash flows. They're so stable, in fact, that banks literally will not believe you when you explain how the math works. ("Oh you think revenue naturally recurs? That's cute kid")
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So if you ever find yourself needing money to fund business expansion, and you'd like to get it from a company which can spell MRR and doesn't need to have a bespoke conversation with an underwriter because seriously why would we do that, check your dashboard.
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As time goes to infinity it is extremely likely that we come up with other ways to get your businesses the money they need to achieve your goals for them. If there are particular form factors that interest you, please drop us a line.
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End of conversation
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Oh boy do we feel heard right now. :) But with Stripe Capital the effective interest rate would be >20% for us (to be fair, it's much lower in the unlikely but highly germane event of a huge revenue nosedive but with very predictable revenue it seems pretty dang expensive).
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